Costa Rica Government Faces “Liquidity” Problems

President Luis Guillermo Solis on national television Tuesday night.
President Luis Guillermo Solis announced Tuesday night that the government “faces liquidity difficulties to pay its obligations and guarantee the operation of essential services.”
In a television address to the nation, Solis warned if measures are not taken, interest rates on home loans and credit could increase.
He is pointing towards an increase in taxes.
However, on that issue, the President has faced strong clashes with the opposition which criticizes him for not limiting public sector salaries. The opposition is also critical of the President’s decision to postpone the discussion on taxes during his first year of his mandate.
During the presidential campaign in 2014, Solis had promised to wait two years into his term before deciding whether there would be

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